Caterpillar waives age-65 retirement policy for Chairman & CEO Jim Umpleby

CATERPILLAR INC

Board waived mandatory retirement policy requiring CEO to retire at age 65.
Jim Umpleby agrees to remain as Chairman & CEO beyond February 2023.
Presiding director cites flexibility in CEO succession as reason for waiver.
Umpleby has led Caterpillar since 2017; no end date specified for extension.

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